The government believes it has secured a commitment from Jaguar Land Rover owner Tata to build a new gigafactory in the UK, Sky News has been told.
Senior Whitehall sources believe the Indian industrial giant has chosen the UK over Spain as the site for its giant new battery factory.
The news is due to be confirmed at a meeting between Prime Minister Rishi Sunak and the
Tata chairman Natarajan Chandrasekaran next week.
The deal will involve around half a billion pounds worth of public support, in part to secure low energy prices for the plant - one of the biggest industrial interventions in recent history.